Saudi food rush: prices sky high for Ramadan
Al-Bawaba | 7.17.12
Food prices have jumped by 4.8 percent as Ramadan approaches. This caused Standard & Poor’s/Goldman Sachs Agriculture Index, a benchmark for investment in the agricultural markets, to rise by 11 percent.
Real estate and rental prices went up because of summer holidays. Yet the report stated that prices are expected to ease once the academic year begins.Mortgage law’s impact on housing sector Passing the latest mortgage law will allow the Saudis to buy their own accommodation much easier. Mortgage lenders will be able to sell the assets on their balance sheets and use their capital more efficiently. Moreover, the law will allow borrowers to convert their assets easily into cash and hence diversify their risk in a better way.